Top-earning hedge-fund chief takes home $2.2 billion in 2012

CNN – Last year was a tough one for hedge funds, but the 25 top-earning hedge fund managers still managed to pull in a combined $14.14 billion in 2012, according to an Institutional Investor magazine ranking.

The 12th annual “rich list” placed David Tepper, founder of the New Jersey-based Appaloosa Management, atop its ranking. Alpha magazine said he made $2.2 billion in 2012.